RLI Gross Margin 2010-2024 | RLI
- RLI average gross margin for 2023 was 41.07%, a 6.76% decline from 2022.
- RLI average gross margin for 2022 was 38.47%, a 8.83% increase from 2021.
- RLI average gross margin for 2021 was 35.35%, a 64.5% increase from 2020.
Gross margin can be defined as a company's total sales revenue minus its cost of goods sold, divided by the total sales revenue, expressed as a percentage.